$VanEck Semiconductor ETF(SMH.US)
Nothing much has changed on my view with SMH. However, let me touch on my TA opinions here.
I believe SMH is in the last leg of its pull back which looks like a wave 4 to me. This is either a WXY complex pullback or wave 3 of the C wave.
If SMH recovers strongly above 490 on elevated volume, that shifts the probability towards a bullish reversal.
@Captain's Treasure
Lol….Another news to hit the narrative tape. What perfect timing when tech is shaky? Many will fall for it and the bears will start spewing nonsense as usual. So predictable. 😂
US hiring came in at more than double forecasts, lifting bets on a December Fed hike. Over the weekend, Nvidia's board opened a probe involving CEO Jensen Huang, and its shares slip in overnight tradi...
$VanEck Semiconductor ETF(SMH.US)
Post 5 Episode 27
I am more bullish than ever here!
It is a huge overreaction and many hedge funds got liquidated.
Good reset. Technically also, it is looking beautiful. Pattern, price, time and sentiments are aligned so nicely.
I am bullish as can be here. A few months round the road, everyone will be talking about ATHs!
NFA. Going from cautiously bullish to all-out bullish here. 😁
@Captain's Treasure
Woohoo! Its the great great sale! Logically, if prices are so low, people buy! But sentiments are funny. It makes you not want to buy. Ask yourself one question. Has fundamentals changed? 😁
Chips just had their worst day since 2020. Here's what drove it, how DBS and OCBC results stack up, and what to watch tonight.
$iShares Semiconductor ETF(SOXX.US)
Post 4 Episode 27
The way AI tech is selling off, the US market is behaving as if AI and data centres are shutting down for good. Is that even a possibility knowing that they are going to hand over their AI leadership over to China if they slow down?
IMO, the market is overreacting. Technically, tech is trending down nicely on a complete technical pattern into a time cycle on waning volume and momentum.
@Captain's Treasure
Tech is on sale. Literally! Nothing much has changed fundamentally IMO. This is what sentiment-driven selling looks like.
Democrats swept Congress and the Dow had its best post-midterm day in 44 years, but chipmakers sank as voters turned on AI data centres. At home, DBS missed forecasts, the second big local bank to stu...
$VanEck Semiconductor ETF(SMH.US)
Post 3 Episode 27
I was looking forward to $AMD(AMD.US)earnings and thankfully, they did not disappoint. Results were excellent and the market agrees. Price popped post earnings and those who still lived in the era where Intel>AMD needs to wake up. Intel has to accept that it has joined the ranks of Nokia. AMD has proved itself and deserved to join the ranks of the new tech world.
@Captain's Treasure
The market is so on the edge, it was up during regular session and then down in 24H trading as midterm election results filtered through. And now they are recovering.
AMD beat forecasts and rose after hours on surging AI chip demand, after chipmakers snapped a three-day slide. At home, UOB's profit missed forecasts and the STI is sliding again, now nearly 10% off i...
$iShares Semiconductor ETF(SOXX.US)
Post 2 Episode 27
Apple has reported earnings and although it looks good, the guidance did not wow. And with the midterms elections round the corner, the market does not want to take chances.
Tech overall is already taking it on the chin and trying to survive.
Will AMD report stellar earnings and jumpstart the Tech recovery? There’s always hope.
@Captain's Treasure
Tech sold off more on the eve of the midterm elections as capital seems to rotate into financials such as Visa and Mastercard. Playing it safe I guess.
Apple beat forecasts but slid after hours as rising memory costs squeeze its margins, while chipmakers fell for a third straight day. At home, the STI is sliding again as the banks lead losses, though...
$VanEck Semiconductor ETF(SMH.US)
Post 1 Episode 27
This week is midterm election’s week. That has been a tailwind for the markets historically and we are also entering a seasonally strong period. Tech seems intent to sell off into this time cycle. Will we get to see a year-end rally especially in Tech? The bulls are hoping for that!
@Captain's Treasure
The midterm elections will be something the market will want to get out of the way. Seasonally, it has been good for the markets.
Chipmakers crashed on Friday, led by Intel's record drop, but a smaller fall lifted Apple past Nvidia as the world's most valuable company before its results tonight. At home, the STI is sliding this ...
$Seagate Tech(STX.US)
Post 5 of Episode 26
To recap, I liked Seagate’s earnings. Exabyte shipments were a bit flat after an 11% QOQ growth last quarter. However, both gross and operating margins reached new records with incremental margins above 80%.
@Captain's Treasure
$iShares Semiconductor ETF(SOXX.US)
Post 4 of Episode 26
I was talking about the two semi ETFs that I was eyeing for this pullback. Yesterday I shared SMH and this is the other one. Much like SMH, SOXX carries much of the tech world and is also one of the earning counters applicable to this week’s episode.
@Captain's Treasure
$VanEck Semiconductor ETF(SMH.US)
Post 3 of Episode 26
I was deciding on what to buy on this discount that the market is providing and decided to buy SMH rather than an individual name. It provides a diversified spread as well as one of the earnings counters this episode being one of the semi ETFs.
@Captain's Treasure
Looks like SMH is starting the possible fifth wave down of C which I mentioned earlier this week. This will be the ultimate bear trap and a fantastic buying opportunity.
Alphabet had its worst day ever, and Amazon and Intel slid after hours. Eli Lilly and Apple bucked the selloff with records. Let's dig in 👇 💬 Big Tech is paying for AI with cash flow. Buying the Alpha...
$Seagate Tech(STX.US)
Post 2 of Episode 26
I was thinking of talking a bit about the earnings results but realised there are already quite a few of those around. So decided to just talk about trading ideas and what I am looking at.
Still eyeing more of Seagate especially if market offers more discounts. The fundamentals and technicals are just too enticing in my opinion.
Two ETFs which I believe qualify for the earning counters episode this week are also on my radar on this possible market pullback. Will share more in the next post.
@Captain's Treasure
Tech has rebounded quite strongly off its recent lows. Time will tell if that is the bottom and how the market pulls back from here will be a good indicator.
Alphabet's cloud revenue doubled, yet its free cash flow turned negative and the stock slid after hours, while Microsoft rose on faster Azure growth. The Fed held, with two votes for a hike. Let's dig...
